HackingFinancial ServicesFinanceVulnerability ExploitSupply Chain (3P Vendor)Data ExfiltratedCustomer Data InvolvedIdentity (basic)Government IDMediumContained

Valley Bank

bd_dad9b135ddf28cf9 · schema v1 · pii pii-v1

Severity

Medium

Discovered

Jun 1, 2023

Filed

Jul 21, 2023

To disclose

7 weeks

Affected

Not disclosed

Confidence

67%

Full breach record for Valley Bank →

Valley Bank notified Vermont AG of a data breach affecting customer records held by third-party provider Progress Software. Attackers exploited a vulnerability in MOVEit software between May 27-31, 2023, to exfiltrate names, addresses, SSNs, and loan numbers. Valley Bank offered two years of free credit monitoring.

J jump to incidentP pin to compareR raw source

Vermont clock⏱ VT AG >14 bday7 weeks discovery → filing

⚠ unattributedNo provenance was recorded for this discovery date and it matches no other date on the record. It may be correct, but it is not independently grounded.

Incident timeline

undetected · 5 days

discovery → filing · 7 weeks / 50 days

May 27, 2023

Begins

Jun 1, 2023

Discovered

Jul 21, 2023

Filed

vs. sector median

3 wks faster

Part of Progress Software Corporation supply-chain incident (2023) — a supply-chain cascade affecting multiple organizations.View cascade →

Tracked as a single-filing incident — the only disclosure on record for this event so far.ConfirmedView incident

Name: Valley Bank
norm: valley bank

Name: Valley Bank
norm: valley bank
Industry: Financial Servicesllm

Discovered: Jun 1, 2023
Breach occurred: May 27, 2023 – May 31, 2023
Undetected for: 5 daysoccurrence → discovery
Materiality determined: —
Notification sent: Jul 21, 2023
Affected individuals: Not disclosed
Data types: Identity (basic)Government ID
Data elements: Social Security number
Attack vector: Third-Party / Supply Chain
MITRE ATT&CK: T1190 Exploit Public-Facing ApplicationT1041 Exfiltration Over C2 Channel
Threat actor: ExternalFinancial
Regulator citations: Filed notice with the Office of the Vermont Attorney General
Third party: via Progress Software
Initial access: exploit_public_facing

During the incident: Arranged to offer identity monitoring and credit education services to affected individuals for two years at no cost
Launched an investigation to determine the nature and scope of the incident
Source: Quoted from the filing itself, not independently verified.

Time to disclose: 7 weeks(50 days from discovery to filing)
Compliance flags: VT AG >14 bday
Discovery-date grounding: unattributedNo provenance was recorded for this discovery date and it matches no other date on the record. It may be correct, but it is not independently grounded.

Status: No extraction artifact recorded for this disclosure.

Evidence ladder

Leak-site claim

Attacker assertion only. Establishes: claim date, group, alleged victim.

Press / market report

Unlocks: incident narrative, operational impact. Still no compliance clock.

State AG / regulator filingThis record

Unlocks: discovery date, data types, affected count, compliance clock.

SEC 8-K / victim statement

Unlocks: materiality, stated response, full audit trail. Ceiling removed.

Source URL: https://ago.vermont.gov/document/2023-07-21-fidelity-national-information-services-progress-software-data-breach-notice-consumers
DisclosureLens links to the originating regulator URL — full filing bodies are not redistributed from public surfaces (§4.5).
Filed at: Jul 21, 2023
Raw hash: b3a8a4b7acfb2eb0d84aa12ca7e29bc94998b4ba6b36b61e067c3d870da7fa2a

Reporting entityValley Bank

Victim entityValley Bank

Incidentdiscovered Jun 1, 2023

Stated responseArranged to offer identity monitoring and credit education services to affected individuals for two years at no cost

ComplianceVT AG >14 bday

Extraction provenanceno artifact recorded

Source provenanceago.vermont.gov